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The U.S. Food and Drug Administration or FDA on Thursday announced that it approved Medical technology and services company Medtronic plc.'s (MDT) MiniMed 670G hybrid closed looped system. It is the first FDA-approved device that is intended to automatically monitor glucose and provide appropriate basal...

Philip Morris International Inc. (PM) revised for currency only, and narrowed, its 2016 full-year reported EPS forecast to a range of $4.53 to $4.58, at prevailing exchange rates, compared to $4.42 in 2015. Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.35...

BPO services provider Capita Group plc (CPI.L) Thursday said its second-half to date performance has been below expectations. As a result, the company trimmed its forecast for fiscal 2016 results. In its trading statement, the company said the week second-half trading reflected a slow-down in specific...

Imperial Brands PLC (IMT.L, ITYBY.PK) confirmed the Group is on track to meet full year expectations at both constant currency and reported exchange rates. Imperial Brands delivered strong growth in reported tobacco net revenue for the year driven by the US acquisition and the benefit of currency translation....

Novo Nordisk (NVO) has announced intention to reduce its workforce by approximately 1,000 employees. The reductions are expected to affect R&D units and headquarter staff functions, as well as positions in the global commercial organisation. Around 500 of the layoffs are expected to be in Denmark. The...

As per media reports, BHP Billiton Ltd (BHP.AX, BLT.L, BBL, BHP) has shut down production at its Olympic Dam following power failure in South Australia. The company is expected to restart operations at the mine when power is restored. BHP Billiton's Olympic Dam in South Australia is a multi-mineral...

Dutch banking firm ING Group (ING) announced Thursday that it has sold 46.7 million ordinary shares of India-based Kotak Mahindra Bank, and now owns 3.9 percent, compared to its previous stake of 6.4%. The shares were sold at a price of 782.32 Indian Rupees per share. Gross proceeds to ING from the...

At the U.S.-Africa Business Forum last week, Caterpillar Inc. (CAT) Chairman and CEO Doug Oberhelman and Egyptian President Abdel Fattah el-Sisi discussed the future of Egyptian rail, infrastructure and power generation. The company affirmed commitment to Egypt's Infrastructure Development. "Meeting...

Roche (RHHBY) announced the U.S. FDA has approved a label extension of the cobas EGFR Mutation Test v2 for use with plasma samples as a companion diagnostic for Astra Zeneca's non-small cell lung cancer therapy TAGRISSO (osimertinib). On June 1st, 2016, the FDA granted approval of the cobas EGFR Mutation...

Media companies Time Warner Inc. (TWX) and Viacom Inc. (VIA, VIAB) are among bidders for a potential acquisition of Telefónica SA's Argentine television broadcaster Telefe, The Wall Street Journal reported, citing people familiar with the discussions. The deal, which could be worth as much as $400...

Billionaire investor Carl Icahn slashed his stake in Offshore drilling company Transocean Ltd. (RIG) in order to recognize a capital loss for tax planning purposes, a filing with the Securities And Exchange Commission on Wednesday revealed. Icahn had accumulated 5.9 percent stake in Transocean in...

Agilent Technologies Inc. (A), a life sciences, diagnostics and applied chemical company, announced Thursday that it has signed a deal with Chinese diagnostics company Burning Rock. Under the agreement, Burning Rock will develop cancer diagnostics in China based on the Agilent SureSelect target enrichment...

Shares of Twitter (TWTR) are giving back some ground during trading on Wednesday after rising sharply over the past few sessions.

After moving sharply higher earlier in the session, shares of BlackBerry (BBRY) have given back some ground but remain firmly positive in afternoon trading on Wednesday.

Wal-Mart Stores Inc. (WMT) is in advanced discussions to invest as much as $1 billion into India's Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc. in e-commerce, according to reports citing people familiar with the matter. Wal-Mart would take a minority stake in Flipkart...

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